Can I retire at age 64 with 14,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,094,735
2 years$572,330$561,671$551,341$541,325$531,609$509,890
3 years$377,763$367,058$356,754$346,832$337,275$316,159
4 years$280,499$269,827$259,625$249,873$240,547$220,197
5 years$222,156$211,547$201,480$191,926$182,860$163,334
6 years$183,273$172,744$162,826$153,485$144,691$126,010
7 years$155,510$145,070$135,309$126,189$117,673$99,841
8 years$134,698$124,352$114,753$105,856$97,621$80,634
9 years$118,519$108,271$98,837$90,166$82,211$66,058
10 years$105,583$95,436$86,168$77,724$70,048$54,713
11 years$95,006$84,961$75,861$67,643$60,243$45,710
12 years$86,199$76,256$67,325$59,332$52,206$38,452
13 years$78,752$68,913$60,150$52,381$45,524$32,528
14 years$72,375$62,640$54,045$46,498$39,906$27,643
15 years$66,852$57,223$48,795$41,468$35,137$23,581
16 years$62,025$52,501$44,240$37,130$31,054$20,180
17 years$57,770$48,351$40,257$33,361$27,535$17,315
18 years$53,993$44,679$36,749$30,065$24,482$14,891
19 years$50,616$41,408$33,642$27,167$21,822$12,830
20 years$47,582$38,478$30,875$24,605$19,492$11,073
21 years$44,839$35,841$28,399$22,330$17,443$9,569
22 years$42,350$33,456$26,174$20,303$15,635$8,280
23 years$40,080$31,291$24,167$18,491$14,035$7,171
24 years$38,003$29,318$22,351$16,865$12,615$6,217
25 years$36,094$27,513$20,701$15,402$11,351$5,393
26 years$34,335$25,858$19,199$14,082$10,225$4,682
27 years$32,710$24,335$17,828$12,890$9,219$4,067
28 years$31,203$22,931$16,574$11,810$8,318$3,534
29 years$29,803$21,633$15,423$10,830$7,511$3,073
30 years$28,498$20,430$14,366$9,939$6,787$2,672
31 years$27,280$19,313$13,393$9,128$6,136$2,325
32 years$26,140$18,274$12,496$8,389$5,550$2,023
33 years$25,072$17,306$11,668$7,715$5,023$1,761
34 years$24,069$16,402$10,902$7,098$4,548$1,533
35 years$23,125$15,557$10,192$6,534$4,119$1,335
36 years$22,235$14,766$9,535$6,018$3,732$1,163
37 years$21,396$14,024$8,924$5,545$3,383$1,013
38 years$20,602$13,328$8,357$5,111$3,067$882
39 years$19,852$12,674$7,830$4,712$2,781$769
40 years$19,140$12,058$7,339$4,346$2,522$670
41 years$18,465$11,478$6,881$4,010$2,288$584
42 years$17,824$10,931$6,455$3,701$2,076$509
43 years$17,214$10,415$6,057$3,416$1,885$443
44 years$16,634$9,928$5,686$3,154$1,711$386
45 years$16,081$9,467$5,339$2,913$1,553$337
46 years$15,554$9,031$5,014$2,691$1,410$293
47 years$15,050$8,619$4,711$2,486$1,280$256
48 years$14,569$8,228$4,427$2,297$1,163$223
49 years$14,109$7,857$4,161$2,123$1,056$194
50 years$13,669$7,505$3,912$1,962$959$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,000,000, adding $3,418 every year, while hoping to spend $58,520 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/20/6 Blend
63$14,000,000$14,000,000$14,000,000$14,000,000
64$15,431,526$14,689,526$14,472,526$16,563,097
65$16,943,276$15,347,048$14,895,090$17,965,793
66$18,607,264$16,034,827$15,329,850$19,494,169
67$20,438,956$16,754,284$15,777,150$21,166,733
68$22,455,394$17,506,908$16,237,349$22,997,717
69$24,675,355$18,294,257$16,710,811$25,002,784
70$27,119,532$19,117,967$17,197,914$27,199,175
71$29,810,725$19,979,748$17,699,045$29,605,865
72$32,774,057$20,881,394$18,214,601$32,243,745
73$36,037,212$21,824,783$18,744,991$35,135,807
74$39,630,695$22,811,885$19,290,636$38,307,370
75$43,588,120$23,844,762$19,851,967$41,786,303
76$47,946,529$24,925,575$20,429,428$45,603,295
77$52,746,736$26,056,590$21,023,475$49,792,132
78$58,033,719$27,240,178$21,634,577$54,390,021
79$63,857,039$28,478,828$22,263,216$59,437,928
80$70,271,309$29,775,143$22,909,886$64,980,969
81$77,336,712$31,131,854$23,575,097$71,068,824
82$85,119,565$32,551,823$24,259,371$77,756,207
83$93,692,945$34,038,047$24,963,245$85,103,375
84$103,137,383$35,593,669$25,687,271$93,176,690
85$113,541,618$37,221,980$26,432,016$102,049,245
86$125,003,437$38,926,432$27,198,063$111,801,545
87$137,630,600$40,710,640$27,986,011$122,522,260
88$151,541,854$42,578,394$28,796,475$134,309,059
89$166,868,053$44,533,664$29,630,086$147,269,525
90$183,753,395$46,580,615$30,487,495$161,522,163
91$202,356,784$48,723,607$31,369,368$177,197,511
92$222,853,325$50,967,213$32,276,391$194,439,367
93$245,435,982$53,316,225$33,209,268$213,406,138
94$270,317,396$55,775,664$34,168,723$234,272,327
95$297,731,893$58,350,794$35,155,498$257,230,174
96$327,937,696$61,047,132$36,170,356$282,491,460
97$361,219,361$63,870,462$37,214,083$310,289,495
98$397,890,464$66,826,843$38,287,483$340,881,319
99$438,296,561$69,922,628$39,391,384$374,550,108
100$482,818,451$73,164,477$40,526,636$411,607,847